S&P 500 Earnings: First Quarter Results Could Lower Second Half Earnings. |
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April 14, 2013 |
April 2013 Bond Updates
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The S&P 500 hit an all-time high close of $1593.37 on Thursday as economic data was mixed but the ‘Don’t fight the Fed’ investment thesis is still in play (and could influence the market until enough strong economic data is reported that the market feels that interest rates will rise). While the market could continue to rise the indicators that show short-term overbought conditions such as the RSI (Relative Strength Index) and the MACD (Moving Average Convergence Divergence) are both solidly in overbought territory.
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View more at: http://www.forbes.com/sites/chuckjones/2013/04/14/sp-500-earnings-first-quarter-results-could-lower-second-half-earnings/
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